Tag: depreciation

identify Assets included in the depreciation from Depreciation Journal

The Depreciation Journals do not indicate the Assets that were depreciated for the period. The alternate solution is to create a Saved Search to show a list of these assets. Here’s how you can do it: (A) This is the Depreciation Journal What we need to to get the BG Summary records. a. Go to the Custom tab > BG Summary… Continue reading identify Assets included in the depreciation from Depreciation Journal

Cancel Last depreciation run

As per SuiteAnswers #102266, follow the below steps for deleting the FAM depreciation histories: To mass delete the imported FAM Depreciation History for a fixed asset, a Saved FAM Depreciation History Search should be created first. Go to Lists > Search > Saved Searches > New. Click FAM Depreciation History. On the Criteria tab, Add Asset. Select the specific Asset. Click Set. Change the Search Title. Click Save & Run.… Continue reading Cancel Last depreciation run

Fixed Assets Management Enhancements

4-4-5 Week Period Format in Depreciation Schedule Reports The depreciation schedule report can now group and display the depreciation and net-book values in a 4-4-5 Weeks period. Instead of calendar months, the accounting period is used as the column headers in the report. This change is visible in the report if the following conditions are… Continue reading Fixed Assets Management Enhancements

Creation of Alternate Depreciation Methods

Within the Fixed Assets Management SuiteApp, we have the capability to generate various alternative approaches to asset depreciation specifically tailored for tax reporting purposes. Additionally, we can establish a collective tax depreciation method applicable to a set of assets. To initiate the creation of a tax depreciation method, follow these steps: 1. Navigate to Fixed… Continue reading Creation of Alternate Depreciation Methods

Display Depreciation Journals in ‘Fixed Assets -> Journal Types -> Depreciation Entries’ instead of Journal list

The Fixed asset preference ‘USE CUSTOM JOURNALS’. If the preference is marked, the depreciation journals will be listed in the Fixed Assets -> Journal Types -> Depreciation Entries. If the preference is not marked, then the depreciation journals will be listed along with the other Journal transactions in Transactions -> Financial -> Make Journal Entries… Continue reading Display Depreciation Journals in ‘Fixed Assets -> Journal Types -> Depreciation Entries’ instead of Journal list